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Further below, we now present you the ten steps that can go on step by step to make you understand and simplify the filing process and make life easier for you as far as the tax filling is concerned:

1) Identifying your source of income under the income heads, namely, first, income from salary, income from house property, income from capital gains, and income from business or profession, income from other sources.

2) Documents to get ready with: These documents are required while filing your ITR and while computing your income at source as evidences and also evidences for your deductions and other things that you need to have under Section 80 of the Income Tax Act.

3) Computing the gross total income: For doing this, you need to add up all the five income heads in step 1 to arrive at the total taxable income.

4) Calculating deductions: For calculating the deductions part, you need to add up all your 80-C and non-80-CCC deductions, as discussed previously.

5) Step 5 is nothing more than subtracting step 3 from step 4, i.e. the gross total income needs to be subtracted from the total of deductions, to arrive at your total taxable income.

6) Reach the value of the total taxable income which needs to be taxed.

7) Calculating the tax payable: In this step, if there has been some tax deductions at source, which you have been paid in your investments done, then you need to deduct back TDS from your total tax liability that you get, as the final amount. So step 7 will counter your tax deductions at source that needs to be deducted.

8) Finding your tax rate: This would be segregated with respect to whether you are a man or a woman or a senior citizen and based on which whatever the exemptions are there for different categories, needs to be assessed.

9) Choosing the correct Income Tax Return Form: This step is based more on the source of income that you have got and you need to select out of the three Forms on whichever form you fall into.

10) Is the filing of returns, that the process which is now also available through online.